Unigestion Holding SA Makes New $2.59 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

Unigestion Holding SA bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 9,895 shares of the software company's stock, valued at approximately $2,591,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 406.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,320 shares of the software company's stock valued at $849,858,000 after purchasing an additional 2,307,960 shares during the period. Norges Bank acquired a new position in shares of Autodesk during the fourth quarter worth about $632,566,000. Farallon Capital Management LLC acquired a new position in shares of Autodesk during the fourth quarter worth about $544,381,000. GAMMA Investing LLC increased its stake in shares of Autodesk by 27,505.2% during the first quarter. GAMMA Investing LLC now owns 1,470,531 shares of the software company's stock worth $384,985,000 after buying an additional 1,465,204 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Autodesk by 43.7% in the fourth quarter. Janus Henderson Group PLC now owns 2,206,237 shares of the software company's stock valued at $652,127,000 after acquiring an additional 670,699 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Autodesk from $303.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group boosted their target price on shares of Autodesk from $270.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Citigroup raised their price target on Autodesk from $374.00 to $376.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. DA Davidson set a $305.00 price target on Autodesk and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $350.00 price objective (up from $300.00) on shares of Autodesk in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $337.45.

Autodesk Stock Performance

NASDAQ ADSK traded down $0.14 during trading on Thursday, reaching $298.22. The company's stock had a trading volume of 1,088,197 shares, compared to its average volume of 1,584,959. The business's fifty day moving average price is $276.29 and its 200-day moving average price is $286.17. Autodesk, Inc. has a twelve month low of $205.86 and a twelve month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $63.80 billion, a price-to-earnings ratio of 59.17, a P/E/G ratio of 2.94 and a beta of 1.47.

Insider Activity at Autodesk

In related news, Director John T. Cahill acquired 2,000 shares of the firm's stock in a transaction on Friday, March 21st. The stock was bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $534,200. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 2,452 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the transaction, the chief accounting officer now directly owns 3,003 shares in the company, valued at approximately $802,671.87. The trade was a 44.95% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.